In Providence, Mayor Jorge Elorza announcing a listening tour throughout the city in an effort to gain support for a 515-million-dollar bond package that will allow the city to keep the pension city going. Four meetings are being planned to include one on zoom where officials will answer questions about the package.
The meetings are planned for:
Thursday, April 21, 2022 at 6:00PM at Nathan Bishop Middle School
Monday, May 2, 2022 at 5:30PM at Mt. Pleasant High School
Thursday, May 26, 2022 at 5:00PM, held virtually via zoom
Tuesday, May 31, 2022 at 5:30PM at Washington Park Community Center
“It is imperative Providence residents have a voice and the opportunity to decide on this critical financial decision,” said City Council President John Igliozzi. “I believe a pension obligation bond is a viable path forward that will help stabilize the city’s pension plan and allow future city leaders to predictably budget for pension payments while not crowding out other critical investments in the essential services that residents expect. The city council will ensure several financial guardrails are placed on any potential borrowing. I respectfully ask residents and members of the General Assembly to keep an open mind as they learn more about this legislation and how a pension obligation bond can help Providence move forward in a financially sustainable way.”
Voters will go to the polls June 7 th to decide the issue.
(Photo by Gaelen Morse/Getty Images)